Watercraft & Boat Insurance
Watercraft & Boat Insurance Quote Forms
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Watercraft & Boat Insurance Information
Accidents can occur regardless of whether you own a small motorboat or a luxurious yacht. Having the appropriate boat insurance can offer peace of mind and potential financial protection for your investment against risks such as accidents, adverse weather conditions, damage and liabilities.
The experts at Transworld Insurance Group can assist you in financially safeguarding these valuable assets.
What Does Most Boat Insurance Cover?
Boat insurance can help protect you, your boat and your personal watercraft from various risks while on the water. Boat insurance typically covers the following:
- Liability coverage—This can protect against liability arising from boating accidents. It may help cover situations such as injuring someone or damaging their property with your boat.
- Physical damage coverage—This can help pay to repair or replace your boat after a covered accident or incident.
- Coverage for equipment and attachments—This can typically extend to protect additional equipment permanently attached to your boat, such as anchors, oars, canopies, life preservers and fuel tanks. Some policies may also cover fishing equipment and personal property.
- Additional coverage options—Boat insurance providers often offer extra benefits, including on-water towing, roadside assistance for boat travel, discounts for insuring multiple watercraft or bundling boats and auto policies.
When buying boat insurance, decide on coverage and a deductible. If a covered incident occurs, your insurer may compensate according to policy limits and deductibles.
How Much Is Boat Insurance?
The cost of boat insurance depends on several factors, including the size and type of your boat or personal watercraft, the chosen coverage, frequency of usage and storage method. These variables play a significant role in determining the overall insurance premium.
Where Can You Get Boat Insurance?
With over 30 years of experience, Transworld Insurance Group has the expertise to customize insurance policies to meet our clients’ needs and budgets. If you reside in Virginia, Maryland or the Washington, DC, area, contact us today for a quote.
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